EYESOUTH PARTNERS

462 Fairmount Ave, Jamestown, NY 14701
$978,162

Cap Rate
9.25%
Price Per SF
$180
Gross SQFT
5,430
Year Built
1930/R 2022
Occupancy
100%
Term Remaining
±4.5 YRS
NOI
$90,480
Property Type
Healthcare

INVESTMENT HIGHLIGHTS

  • Passive Income: Secure a mid-term, predictable income stream with the NN+ lease included in this property. This ‘hands-off’ approach is ideal for out-of-state investors or those seeking less management-intensive investments.
  • Favored Product Type: Healthcare Real Estate provides many benefits and continues to gain recognition as a favored investment compared to other asset classes. With strong renewals, high rental averages, increased property values, and economic resiliency, medical tenants check all the boxes of an ideal tenant.
  • Growing Income: Maintain the continued growth of your investment dollars with 2% annual increases included in the base term and renewal options of this lease.
  • Tenant Investment in Location: Medical practices rarely relocate due to high build-out costs of and difficulty in retaining the same patients after moving.
  • Strategic Location With High Visibility: Located just outside off downtown Jamestown and on high-traveled Fairmount Ave., the subject property provides easy access for patients seeking optometry services.
  • Below Replacement Cost Offering: Interior build-out costs for dental practices frequently cost over $120/SF. At an asking price of $180/SF for the entire property, it is being offered below replacement cost, giving an investor a great basis and protection for their investment.
  • Private Equity Backed: Olympus Partners is a private equity firm focused on providing equity capital for middle market management buyouts and for companies needing capital for expansion. Olympus manages in excess of $8.5 billion mainly on behalf of corporate pension funds, endowment funds and state-sponsored retirement programs. Founded in 1988, Olympus is an active, long-term investor across a broad range of industries including business services, consumer products, healthcare services, financial services, industrial services and manufacturing.

Broker of Record

  • Cory Rosenthal
  • License No. 10991237833 (NY)
  • (866) 889-0550
  • Matthews Real Estate Investment Services, Inc
  • 1600 West End,
    Ste. 1500 Nashville, TN 37203
BESbswy